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Litecoin
Short

LTC/USD Eyeing Long-Term Double-Top Completion?

By FPMarkets
Broker
Longer-term price action for Litecoin (LTC) versus the US dollar (USD) is on the verge of challenging trendline support, extended from the low of $40.18. With price action failing to print any meaningful highs following the previous test of trendline support, a break below the trendline support could be seen and may serve as an early cue for completing a double-top pattern from around $113.80. The neckline for the double-top pattern resides just below at $54.61.
Double Top or BottomTrend Lines
FPMarkets
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